Asian markets were marginally better on the back of oil but were awaiting the all important US jobs report after a sleepy opening until the FX market woke everyone up. A “fat-finger trade” as many were reporting it (implying a trader input the wrong price and/or quantity) saw GBP trade down to 1.1378 in seconds only […]
The capital flows into the dollar are rather staggering. Central banks continue to try to sell the dollar to keep their currencies afloat. China’s foreign-exchange reserves are most notable in the fight against a rising dollar. China’s foreign-exchange reserves declined again in September, and they try to support the yuan and the Fed clearly cannot stop […]
COMMENT: Marty; Your forecast at the last WEC that the pound would break the 1985 low seemed extreme. I have to say as I watch it this morning, your computer picks every trend around the world with remarkable precision. You are providing a unbelievable learning lesson teaching us how the world really works. I understand why […]
Russia WARNS Obama not to attack Syrian forces. It is clear that the Obama Administration is desperate to continue its nation building policy and is determined to overthrow the Syrian government with absolutely no alternative as they did in Iraq and screwed up the entire region. It appears the US military is on a fast […]
QUESTION: Numerous people have asked: Does the FED actually also see these trends coming (strong US dollar, bond crash) ? K. ANSWER: Yes. The Fed has sent people to the major banking houses and told them outright that their models are wrong. They have been telling them quietly that there may not be a […]
QUESTION: Marty; You said at the Berlin Conference that failure is not the opposite of success. It is part of success. I found this intriguing. Is this part of the training sessions for this year’s WEC? ANSWER: Yes. The way we learn is by making mistakes. If you claim to have never been wrong, then […]
An orderly open for Asia with an oil rally ($50.5 TWI) following on from a positive US session really leading momentum. We did see a wobble just ahead of lunch but that was only short-lived and as trading remains thin due to China’s absence. All in all we closed firmer on both the Nikkei (+0.5%) […]
COMMENT: Martin – I wanted to let you know that I stopped at a Jimmy John’s today and they wouldn’t allow me to use cash. They had no drawer or physical money on the premises. It was either chip card or no sandwich. They claimed it was their first store in the nation to go […]
